Mizuho Financial Group, Inc. $MFG Position Increased by QRG Capital Management Inc.

Key Points

• QRG Capital Management boosted its stake in Mizuho Financial Group by 40.2% in Q4, buying 159,985 shares to hold 557,846 shares worth $4,083,000 as of its SEC filing.
• Several other institutions (Truist, Fifth Third, KeyBank, M&T, Interchange) also increased positions in Q4, and institutional investors now own about 3.26% of Mizuho's stock.
• Mizuho shares traded around $8.84 (52‑week range $4.89–$10.28) with a market cap of $109.86 billion and a P/E of 15.51; the bank reported Q results with EPS $0.16 (beating $0.14) and has an average analyst rating of "Moderate Buy" (Weiss Ratings reissued a buy).

QRG Capital Management Inc. boosted its holdings in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 40.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 557,846 shares of the bank's stock after buying an additional 159,985 shares during the quarter. QRG Capital Management Inc.'s holdings in Mizuho Financial Group were worth $4,083,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MFG. Truist Financial Corp boosted its stake in shares of Mizuho Financial Group by 54.1% during the 4th quarter. Truist Financial Corp now owns 29,020 shares of the bank's stock worth $212,000 after acquiring an additional 10,191 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Mizuho Financial Group by 45.2% during the fourth quarter. Fifth Third Bancorp now owns 8,239 shares of the bank's stock worth $60,000 after purchasing an additional 2,565 shares during the period. Interchange Capital Partners LLC raised its position in shares of Mizuho Financial Group by 23.9% during the fourth quarter. Interchange Capital Partners LLC now owns 14,080 shares of the bank's stock worth $103,000 after purchasing an additional 2,718 shares during the period. Keybank National Association OH lifted its holdings in shares of Mizuho Financial Group by 28.8% during the fourth quarter. Keybank National Association OH now owns 53,824 shares of the bank's stock valued at $394,000 after purchasing an additional 12,047 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of Mizuho Financial Group by 0.7% in the 4th quarter. M&T Bank Corp now owns 340,971 shares of the bank's stock valued at $2,496,000 after purchasing an additional 2,246 shares during the period. Institutional investors own 3.26% of the company's stock.

Mizuho Financial Group Stock Performance

Shares of NYSE:MFG opened at $8.84 on Thursday. The firm has a 50 day simple moving average of $8.26 and a 200 day simple moving average of $7.90. Mizuho Financial Group, Inc. has a 52 week low of $4.89 and a 52 week high of $10.28. The company has a market cap of $109.86 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 0.61 and a beta of 0.46.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its quarterly earnings data on Monday, February 2nd. The bank reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Mizuho Financial Group had a net margin of 12.31% and a return on equity of 9.23%. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $5.58 billion. On average, equities analysts predict that Mizuho Financial Group, Inc. will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "buy (b+)" rating on shares of Mizuho Financial Group in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.

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